Airdrop

DOLO Airdrop Overview

The DOLO airdrop is designed to put governance in the hands of early users and contributors to Dolomite while fostering community engagement and long-term alignment with the protocol. This airdrop event is a critical part of the DOLO Token Generation Event (TGE) and serves as a means to distribute tokens to those who have supported Dolomite during its growth and development.

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Airdrop Allocation

The total allocation for the DOLO airdrop represents 20% of the total token supply. This allocation is divided into three distinct categories:

1. Rewards for Community Contributions (1%)

   • Distributed to individuals who have directly contributed to Dolomite’s growth and development.

   • Includes security researchers, integrators, dashboard creators, and select community members.

   • Acknowledges contributions such as smart contract audits, integrations, and active community support.

2. Rewards for Platform Usage (9%)

   • Distributed to users who interacted with and used Dolomite on supported networks (e.g., Arbitrum One, Mantle, Polygon zkEVM, and others).

   • Allocation factors:

     • Dollar value of assets supplied

     • Dollar value of assets borrowed

     • Amount of time supplying

     • Amount of time borrowing

   • Distribution split:

     • 50% in DOLO: Transferable and tradable.

     • 50% in veDOLO: Time-locked for two years. Locks can be broken early but will incur fees.

   • XP Level: Allocations receive a bonus based on the user’s Dolomite XP level, putting more tokens in the hands of the most active community members.

     • +5,000 DOLO for level 5+

     • +20,000 DOLO for level 10+

     • DOLO airdrop is multiplied by your level at the time of the snapshot, with a maximum bonus of 500,000 DOLO

3. Options Airdrop for Minerals Holders (10%)

   • Available to holders of “Minerals”, earned via Dolomite’s Minerals Program by providing key borrowable assets (e.g., USDC, ETH, WBTC).

   • Eligible users can purchase DOLO at a set price of $0.045 for up to 6 months after TGE, representing a $45M fully diluted valuation (FDV).

   • Funds from purchased DOLO tokens are used to bootstrap protocol-owned liquidity (POL).

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Eligibility Criteria

The airdrop eligibility is determined based on the following factors:

• Snapshot Date: A snapshot of user activity on Dolomite was taken on January 6th at 0:00 UTC.

• Minerals Program Participation: Users who earned “Minerals” by supplying assets to Dolomite.

• Liquidity Provision History: Historical data on assets supplied, duration, and total amount deposited.

• Borrows History: Historical data on assets borrowed, duration, and total amount borrowed.

• Dolomite XP Program: Bonus multipliers based on a user’s engagement level in the Dolomite XP Program.

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Unclaimed Tokens

Any unclaimed tokens from the airdrop allocation will be returned to the Dolomite DAO Treasury six months after TGE. These tokens may be redistributed or utilized at the DAO’s discretion.

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Purpose of the Airdrop

The airdrop aligns with Dolomite’s commitment to decentralized governance and community empowerment. By distributing DOLO to active users and contributors, Dolomite ensures that its community has a direct stake in the protocol’s success and governance. The inclusion of veDOLO in the rewards structure encourages long-term alignment and participation.

For more details on the DOLO airdrop and updates, visit the Dolomite documentation or join the community on Discord.